The Business Models in a Post-Covid World in Five Phases

Source: Jerimah Owyang Published: April 27, 2020

A few months in, many people are still finding it hard to grasp the scale and scope of COVID-19’s impact. Now, a second crisis in the form of unprecedented economic damage is underway.

The World is Reformatting

The viral outbreak has forced the business world to make some big changes. Many companies have found ways for their employees to work online from the safety of their homes. The office water cooler is now on stand down, and any gossip must be conducted digitally! It’s probably certain, however, that the chatter hasn’t gone away!

Why Some Businesses Will Survive While Others Won’t:

In boom times, most businesses profit and look good. But an economic crash will highlight those companies which were operating with good practices that will still hold up. Conversely, it’s easy to see which businesses were more vulnerable to the tide going out and will likely be left high and dry. Moreover, firms with solid foundations can seize the opportunities provided by the crisis to find better and more efficient ways of operating.

What Does the Future Hold?

All anyone can currently say for certain is that the future is uncertain! Here are five phases of a roadmap the country and the economy may go through in order to survive and arrive at whatever the new normal turns out to be.

Read more here.